Sherbrooke Park Advisers LLC Sells 13,404 Shares of Matrix Service (NASDAQ:MTRX)

Sherbrooke Park Advisers LLC reduced its stake in Matrix Service (NASDAQ:MTRX) by 40.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,499 shares of the company’s stock after selling 13,404 shares during the period. Sherbrooke Park Advisers LLC owned 0.07% of Matrix Service worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in Matrix Service by 180.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company’s stock worth $32,000 after purchasing an additional 1,746 shares during the period. R Squared Ltd purchased a new stake in Matrix Service in the fourth quarter worth about $45,000. Legal & General Group Plc grew its holdings in Matrix Service by 29.6% in the fourth quarter. Legal & General Group Plc now owns 8,236 shares of the company’s stock worth $99,000 after purchasing an additional 1,881 shares during the period. Aquatic Capital Management LLC purchased a new stake in Matrix Service in the fourth quarter worth about $99,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Matrix Service in the fourth quarter worth about $120,000. 78.38% of the stock is owned by institutional investors.

Matrix Service Stock Down 0.8%

NASDAQ:MTRX opened at $12.68 on Wednesday. The company’s 50 day moving average price is $11.86 and its 200-day moving average price is $12.73. Matrix Service has a 52 week low of $8.61 and a 52 week high of $15.75. The stock has a market cap of $350.11 million, a price-to-earnings ratio of -10.39 and a beta of 1.04.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. The firm had revenue of $200.16 million for the quarter, compared to analysts’ expectations of $215.06 million. As a group, sell-side analysts anticipate that Matrix Service will post -0.26 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on MTRX. DA Davidson upped their price objective on shares of Matrix Service from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. StockNews.com cut shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th.

Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.